Explore BrainMass
Share

Explore BrainMass

    Future Value of Money with Multiple Cash Flows

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    From a source, please provide a real life example of the application of the future value of money with multiple cash flows. List all references used.

    © BrainMass Inc. brainmass.com October 10, 2019, 7:52 am ad1c9bdddf
    https://brainmass.com/business/the-time-value-of-money/future-value-money-multiple-cash-flows-598693

    Solution Preview

    There are several real life examples of the future value of money. The most common example is an annuity. Annuity is a stream of cash flows that you receive for some time in the future. This can be due to several reasons. you can win a lottery and you can chose to take a stream of fixed cash flows over a period of time. You can ...

    Solution Summary

    The solution provides a practical example of the future value of money using lottery as an example. The solution is concise and to the point and a numerical example has also been provided.

    $2.19